How China will become the world's banker

Hayden Briscoe is the Hong Kong-based director of Asia-Pacific fixed income at AllianceBernstein. He explains why China is poised to transform global capital markets.

AllianceBernstein's Hayden Briscoe explains how he sees China transforming global capital markets in the years ahead.

Q What is the biggest development now in Asian fixed income

A From a structural point of view, our focus is on China’s bond market. It is now the world’s third largest, at Rmb48 trillion-Rmb49 trillion, or $7.2 trillion. China is going through a huge shift from being a loans market to becoming a bonds market. In the US, the split is about 30% bank loans to 70% bonds. In Europe, it’s more like 80% loans to 20% bonds. In China, it’s 90% loans to 10% bonds.

...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222